December 7, 2024

Silicon Valley Bank CEO Sold $3.57 Million of Stock Two Weeks Before Bank Collapsed

The CEO of Silicon Valley Bank (SVB) sold $3.57 million of company stock just two weeks before the technology sector’s primary financial institution collapsed on Friday, according to federal filings. SVB CEO and President Greg Becker on February 27 sold 12,451 shares of common stock at an average price of $287.42, or $3,578,652.31 in total.

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